Balance Transfer Credit Cards
Balance transfer credit cards are designed to allow consumers to transfer a higher interest card balance onto a card with a lower interest rate, which can help save money in finance charges.
When you transfer a balance to a card with a low introductory APR of 0%, the APR will typically stay at this 0% interest level for a specified period of time (assuming you make all your card payments on time), potentially saving you hundreds or even thousands of dollars in interest charges when you compare cards side by side.
At CreditCardAssist.com, we have provided a variety of tips, advice and free information to help guide you in your search to find the top balance transfer card offers available.
We have listed a variety of the very best balance transfer cards available below.
If you carry large monthly card balances, this type of card offer is a great way to save money right away and long term especially if you don't switch cards often and are looking for one main card to use for the long term.
When you search and compare cards you should start by asking the following questions:
- When will the intro rate on the offer expire?
- Does an annual fee apply for the card?
- Will the introductory rate apply to the initial transfer only? Or will it apply to all transfers made over the introductory period?
- Will the introductory rate apply to purchases as well?
- What is the interest rate (APR) after the introductory rate ends?
- Are there any applicable transaction fees?
Some issuers will charge expensive transaction fees on balance transfers. Be sure to investigate any applicable fees upfront. You don't want to get surprised with a 3% or 4% transaction fee after the fact. Keep in mind that balance transfer offers are most suitable for individuals with good to excellent credit. Not everyone will qualify for the low "teaser" rate being offered on the card. Be sure to know what introductory rate will apply before you make the initial transfer. So, be sure to thoroughly read the terms and conditions of each specific card offer that you are considering.